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The market commentary is rife with predictions for 2011 and the consensus call is for a bullish double digit gain in the stock market. With over $900 billion of fiscal stimulus from tax cuts and over $600 billion in monetary stimulus from QE2, this looks like a logical call especially for the US market. We [...]
When I checked the US market at 6 am (2 pm New York time), the market had made a new high for the year with the S&P500 touching 1235. The reason for the “celebration” was the approval of the extension of tax cuts for the rich and extension of benefits for the unemployed. This deal [...]
With one more month to go to the end of 2010, it is pretty safe to conclude from looking at the 12 month chart of the ASX 200 below that this year the market pretty much went sideways staying in a range from 4200 to 5000. The index is currently near 4600, pretty much exactly [...]